Plaza at Port Isabel

Price: $2,264,000
Sq. Ft.: 11,304
Cap Rate: 7.05%
Built: 2005
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Marcus & Millichap is pleased to offer the opportunity to acquire an 11,304-square foot, multi-tenant retail center located in Port Isabel, Texas. Plaza at Port Isabel is currently 100 percent occupied, and 79 percent of the gloss leaseable area has triple-net leases. The center is a complementary mix of internet-resistant tenants, consisting of Just-A-Cut, Tip to Toe Nails, GoldStar Financial, Fred Loya Insurance, Wingstop, Boost Mobile, AT&T, Subway, and Grade Ice.  Constructed in 2005, the building is situated on a one-acre lot.

  • 11,304-Square Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by Walmart
  • 100% Occupied with a Complementary Mix of Internet Resistant Tenants
  • Wingstop and AT&T are Publicly Traded (NASDAQ: WING and NYSE: T)
  • Recent Improvements Include Roof Replacement in 2015  and Additional Maintenance and Gutter Repairs Completed in Late 2018 | Warranties in Place
  • 79% of Gross Leasable Area has Triple-Net Leases
  • Signalized Hard-Corner Location on State Park Road 100 (Highway 100) | The Major Thoroughfare in the City and Provides Direct Access to South Padre Island
  • Traffic Counts Exceed 16,800 Vehicles Per Day in Front of the Property
  • Located in the McAllen–Edinburg–Mission and Reynosa-McAllen Metro Area, Serving a Population of 1.5 Million
  • Minutes from South Padre Island | One of Texas’ Top Tourist Destinations